SHAREHOLDER MEETING ON AUGUST 3, 2000
Here's the full text of Proposal II on the agenda:
PROPOSAL II--APPROVAL OF AN AMENDMENT TO CHANGE THE COMPANY'S NAME TO LIBERTY SATELLITE & TECHNOLOGY, INC.
At the annual meeting, you will be asked to approve an amendment to the Company's Restated Certificate of Incorporation, to change the Company's name to Liberty Satellite & Technology, Inc.
WHAT IS THE PURPOSE OF THE PROPOSED NAME CHANGE?
The purpose of the proposed name change is to reflect the changes in your Company and its business that have occurred over the past several years. The Company's former parent company, Tele-Communications, Inc., was acquired by AT&T Corp. in March 1999 and subsequently changed its name to AT&T Broadband LLC. Accordingly, the reference to "TCI" in the Company's current name has no current context. The proposed new name reflects the Company's relationship with Liberty Media Corporation and the Company's strategic focus on satellite and related technologies.
WILL THE PROPOSED NAME CHANGE HAVE ANY EFFECT ON MY RIGHTS AS A STOCKHOLDER?
No. The proposed name change will not effect the status of the Company, or your rights as a stockholder, in any significant respect. If your shares are currently represented by a physical certificate, that certificate will continue to represent your ownership of such shares, notwithstanding the change in name.
DOES THE COMPANY INTEND TO CHANGE THE TRADING SYMBOL OF THE COMMON STOCK?
Yes. The Company's common stock currently trades through the OTC Bulletin Board, under the symbol TSATA for the Series A common stock, and the symbol TSATB for the Series B common stock. Following the annual meeting, the Company intends to apply for inclusion in the National Market tier of The NASDAQ Stock Market, and has reserved the symbols LSATA and LSATB with NASDAQ.
THE BOARD OF DIRECTORS RECOMMENDS THAT STOCKHOLDERS VOTE "FOR" THE APPROVAL OF THE AMENDMENT TO THE RESTATED CERTIFICATE OF INCORPORATION TO CHANGE THE COMPANY'S NAME TO LIBERTY SATELLITE & TECHNOLOGY, INC.
For the entire PRE-14A filing of today click on the link below:
freeedgar.com |
